Monday, March 4

Brazil’s Vale in advanced talks to sell Center-West system

Article content

Brazilian miner Vale SA said on Friday it is in advanced talks to sell the companies that compose its Center-West system.

The companies, which produce iron ore and manganese ore, accounted for $110 million in adjusted EBITDA in 2021.

The potential sale is in line with Vale’s strategy to focus on core businesses and growth opportunities, the miner said in a securities filing. (Reporting by Carolina Pulice and Peter Frontini Editing by Chris Reese)